• Alkane's gold and antimony production reached record highs in Q2 2026
• Revenue increased significantly due to higher production and gold prices
• Cash operating costs and all-in sustaining costs per ounce improved
• Significant investment in growth projects and exploration drilling

Alkane Resources Limited (ASX:ALK; TSX:ALK; OTCQX:ALKRY) reported its second quarter and half-year results for the 2026 financial year. The company's consolidated gold equivalent production reached a record 43,663 ounces in Q2 2026, up from 14,852 ounces in the prior year period, driven by the addition of production from the Costerfield and Björkdal mines following Alkane's acquisition of Mandalay Resources in August 2025. Alkane produced 42,767 ounces of gold and 267 tonnes of antimony in Q2 2026, its highest quarterly gold and antimony production to date. Revenue increased significantly to $256.7 million in Q2 2026, compared to $59.2 million in the prior year quarter, reflecting the higher production volumes and improved realized gold and antimony prices. Operating costs, excluding depreciation and amortization, totaled $102.8 million, up from $41.3 million in Q2 2025, primarily due to the larger scale of operations following the Mandalay acquisition.Cash operating costs per ounce of gold equivalent produced improved to $2,031 in Q2 2026 from $2,249 in the prior year period, while all-in sustaining costs decreased to $2,739 per ounce from $3,408. Alkane generated $65.4 million in free cash flow during the quarter, compared to an outflow of $6.5 million in Q2 2025, as higher production and sales more than offset increased capital expenditures.The company continued to invest in growth projects, spending $9.0 million in Q2 2026, mainly on the Newell Highway realignment at Tomingley. Alkane also invested $11.2 million in exploration drilling across its operations. The company ended the quarter with a strong cash position of $218 million, in addition to $6 million in bullion and $14 million in liquid investments.Alkane reiterated its FY2026 attributable guidance of approximately 155,000 - 168,000 gold equivalent ounces at an all-in sustaining cost range of $2,600 to $2,900 per ounce.

Alkane reiterated its Attributable Guidance of approximately 155,000 - 168,000 gold equivalent ounces in FY 2026 at an all-in sustaining cost range of $2,600 to $2,900 per ounce.